Feeds

Morse buys Delphis for up to £40m

Pumps up services

  • alert
  • submit to reddit

Intelligent flash storage arrays

Morse, the mid-range computer reseller, is beefing up its services capabilities with the acquisition of Delphis Holdings.

It is paying £15m upfront, 600K in cash and the rest in loan-notes and shares. Delphis could gain up to another £25m in loannotes and shares depending upon profits performance for the next three financial years.

Formed as a division of JHC PLC in 1993, Delphis was sold to management in 1998. It has 265 full-time staff of which 233 are fee earners. Delphis is headquartered in London and has annual sales of over £13m.

It reports operating profits, before acquisition expenses, of £2m for the year to 30 June 2000. The company retains its name but is to be integrated into Morse's professional services group. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.